近日，上海冠龙阀门节能设备股份有限公司（以下简称"冠龙节能""公司"）正式发布其《2024年度环 境、社会和公司治理（ESG）报告》，标志着公司在可持续发展道路上迈出了坚实的一步。作为冠龙节 能自成立以来的首份ESG报告，该报告全面展示了公司在环境保护、社会责任及公司治理方面的实践与 成效，彰显了其作为行业领军企业的绿色制造理念与责任担当。 绿色制造，引领低碳转型 冠龙节能积极响应国家"双碳"目标，致力于绿色工厂、零碳工厂建设，持续优化能源管理体系。报告期 内，公司通过引入喷涂粉末循环技术、建设屋顶分布式光伏发电项目等措施，显著提升了资源利用效 率，减少了碳排放。特别是江苏融通光伏项目，年减碳量近500吨，为公司的低碳转型树立了典范。 创新驱动，铸就品质辉煌 冠龙节能始终将创新视为企业发展的核心动力。公司新投建的动态测试中心填补了国内大型阀门检测空 白，助推行业品质保障。同时，公司荣获"国家知识产权优势企业"称号，累计有效专利数达到103件， 彰显了公司在技术创新方面的卓越成就。 以人为本，共筑和谐家园 冠龙节能深谙员工是企业最宝贵的财富，始终将员工权益保障与职业发展放在首位。公司不仅建立了完 善的职业健康与 ...

Core Insights - Niuwei Co., Ltd. reported its best annual performance for 2024, achieving a revenue of 6.238 billion yuan, a year-on-year increase of 12.5%, and a net profit of 1.156 billion yuan, up 60.1% [1] - The company attributed its growth to increased sales revenue and the resulting economies of scale [1] Financial Performance - The company's core product, valves and parts, generated a revenue of 6.072 billion yuan in 2024, representing a year-on-year growth of 13.69% with a gross margin of 39.01%, an increase of 6.79 percentage points compared to 2023 [1] - Niuwei's operating cash flow significantly increased, reaching 1.112 billion yuan in 2024, a growth of 74.5% [2] - The company maintained a stable financial position with a debt-to-asset ratio of 49.31%, the lowest in four years, and cash on hand of 1.441 billion yuan [2] Dividend Policy - Niuwei announced a cash dividend of 11.4 yuan per 10 shares (including tax), resulting in a dividend yield of 4.67% based on the closing price of 24.43 yuan per share on April 22 [3] - The total cash dividend for 2024 exceeded 1.165 billion yuan, accounting for 100.84% of the company's net profit [3] - Since its listing, Niuwei has distributed a total of 4.148 billion yuan in cash dividends [3]

Group 1 - Neway Valve West Africa Fze is a wholly-owned subsidiary with total audited assets of 28.96 million yuan and a net profit of 6.52 million yuan for 2024 [1] - Neway Fluid Equipment Vietnam Company Limited, another wholly-owned subsidiary, reported total audited assets of 153.37 million yuan and a net profit of 9.32 million yuan for 2024 [2] - NEWAY ENERGY, a wholly-owned subsidiary, has total audited assets of 25.28 million yuan but reported a net loss of 0.70 million yuan for 2024 [3] Group 2 - C?NG TY TNHH NEWAY VALVE VI?T NAM, a proposed overseas subsidiary, has total audited assets of 11.89 million yuan and a net loss of 0.38 million yuan for 2024 [4] - Neway Flow Control Inc. has total audited assets of 35.48 million yuan and a net profit of 4.48 million yuan for 2024, despite a negative net asset position [5] - NEWAY VALVE (MALAYSIA) SDN. BHD. has total audited assets of 0.039 million yuan and reported a net loss of 0.0114 million yuan for 2024 [6] Group 3 - The company provides a guarantee for its subsidiaries with a total guarantee amount not exceeding 3.43 billion yuan [9] - The board believes that providing guarantees supports the normal operations of subsidiaries and aligns with the company's overall interests [10] - The supervisory board agrees that the guarantees benefit the subsidiaries' development and comply with legal regulations [11] Group 4 - The company has no overdue guarantees as of the announcement date [12] - The total guarantees provided to subsidiaries amount to 741 million yuan, representing 16.77% of the company's latest audited net assets [13] Group 5 - The company plans to use its own funds to purchase financial products up to 600 million yuan, with a maximum investment period of one year [20] - The financial products will be issued only by banks, securities companies, or trust companies to control risks [21] - The decision to invest will not affect the company's main business operations and aims to enhance fund utilization efficiency [27] Group 6 - The company intends to renew the appointment of Rongcheng Accounting Firm as its auditing and internal control auditing institution [29] - Rongcheng Accounting Firm has a strong track record, with no criminal penalties in the last three years and a good investor protection capability [34] - The audit fee for the annual report is set at 1.24 million yuan, excluding VAT [40]

Core Insights - Nuwei Co., Ltd. reported a total revenue of 6.238 billion yuan for 2024, marking a year-on-year increase of 12.50%, with a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% [1] - The company faces challenges in expanding its international market presence despite strong financial performance [1] Industrial Materials Division: Capacity Enhancement and Digital Management - In 2024, the Industrial Materials Division made significant progress in nuclear power, oil and gas equipment, and wind energy equipment sectors [4] - The company implemented digital management in production processes using 3D design and simulation software, achieving multiple international certifications such as EN15085 and ISO9001 [4] - Despite advancements in digital management, the company needs to enhance its competitiveness in the international market amid rising global trade protectionism [4] Energy Solutions: Shaping the Energy Future with Global Clients - Nuwei Co., Ltd. deepened cooperation with global energy companies in 2024, providing industrial valve solutions applicable to various downstream industries, including LNG, water treatment, and nuclear power [5] - The company signed long-term strategic cooperation agreements with downstream energy enterprises, increasing product recognition [5] - However, the company's market share in the clean energy sector remains limited, and achieving greater breakthroughs in this area will be a focus for future development [5] New Product Development: Filling Market Gaps and Technological Innovation - In 2024, the company obtained API6D certification for its plug valves and completed the development of several new products, including high-temperature oxygen shut-off ball valves [7] - These innovations not only fill market gaps but also demonstrate the company's strength in technological innovation, particularly in high-pressure and explosive environments [7] - Nevertheless, the company needs to improve its competitiveness in the high-end market, especially against global leaders [7] Overall Summary - Nuwei Co., Ltd. achieved significant revenue growth in 2024 but continues to face challenges in international market expansion and technological innovation [6][7] - The company must increase investments in global market positioning and technology development to navigate the increasingly complex international environment [7]

调节阀又名控制阀，在工业自动化过程控制领域中，通过接受调节控制单元输出的控制信号，借助动力操作去改变介质流量、压 力、温度、液位等工艺参数的最终控制元件。一般由执行机构和阀门组成。调节阀常用分类：气动调节阀，电动调节阀，液动调节 阀等。 据 QYResearch 调研团队最新报告"全球调节控制阀市场报告 2025-2031 "显示， 预计 2031 年全球调节控制阀市场规模将达到 102.8 亿美元 ，未来几年年复合增长率 CAGR 为 5.4% 。 全球 调节控制阀 市场前 20 强生产商排名及市场占有率（基于 2 024 年调研数据；目前最新数据以本公司最新调研数据为 准） 根据 QYResearch 头部企业研究中心调研，全球范围内调节控制阀生产商主要包括 Emerson （艾默生）、 Flowserve （福斯）、 Nihon KOSO （日本工装）、吴忠仪表、 Valmet （维美德）、 Cameron (Schlumberger) 、 Johnson Controls （江森自控）、 Baker Hughes （贝克休斯）、 SAMSON （萨姆森）、重庆川仪等。 2024 年，全球前十强厂商占有 ...

Industry Overview - Butterfly valves, also known as flap valves, are crucial for controlling fluid flow in various industries such as oil, chemical, power, and metallurgy [1][2] - The global butterfly valve market is projected to reach approximately $11.34 billion in 2024 and $11.907 billion in 2025 [5] - In China, the demand for butterfly valves is driven by urbanization, particularly in water supply systems, sewage treatment plants, and HVAC systems [7] Market Growth - The pneumatic high-performance butterfly valve industry in China is expected to grow at a rate of about 10% from 2019 to 2024, with a projected growth rate of 15% from 2025 to 2030 [7] Industry Chain - The upstream materials for butterfly valves include non-metal materials like rubber and PTFE, and metal materials such as cast iron, carbon steel, and stainless steel [9] - Stainless steel is increasingly used in butterfly valves due to its excellent corrosion resistance and strength [11] - The downstream applications of butterfly valves are significant in the power engineering sector, with a projected investment of 608.3 billion yuan in power grid projects in 2024, reflecting a year-on-year growth of 15.3% [13] Competitive Landscape - The domestic butterfly valve market is primarily concentrated in the mid-to-low-end segment, while international brands dominate the high-end market [16] - Major domestic companies include Neway Valve, Jiangsu Shentong, and Zhongke Suval [16][19] Company Performance - Neway Valve is the largest industrial valve manufacturer in China, with a butterfly valve production of 22,971 units and sales of 22,111 units in 2023 [19] - Neway Valve reported a revenue of 5.544 billion yuan in 2023, an increase of 1.485 billion yuan from 2022 [21] - Fangzheng Valve generated 39.6459 million yuan in butterfly valve revenue in 2023, an increase of 4.6652 million yuan from 2022, with a gross margin of 25.32% [23] Industry Trends - The development of high-performance butterfly valves is influenced by advancements in materials, control systems, structure, environmental protection, and design [27]

Group 1: Investor Relations Activity - The investor relations activity was an earnings briefing held on April 17, 2025 [1] - Participants included the company's president, vice president, financial director, audit director, independent director, and securities representative [1] Group 2: Company Overview - The company presented its production and operational performance for the year 2024 [1] - Future development trends were also discussed during the meeting [1]

Core Viewpoint - The company's 2024 performance is below expectations, with revenue of 1.84 billion and net profit of 230 million, reflecting a modest year-on-year growth of 1.86% and 3.29% respectively, primarily due to capacity constraints and delayed project deliveries [1] Financial Performance - In Q4 2024, the company achieved revenue of 820 million, a year-on-year increase of 18.17%, and net profit of 110 million, up 23.84%, indicating a recovery in business during the second half of the year [1] - The revenue breakdown includes oil and petrochemical at 480 million, nuclear engineering valves at 840 million, other valves at 470 million, and forgings at 40 million, with respective year-on-year changes of -20.62%, +35.50%, -11.44%, and +1.60% [1] - The gross margin for the oil and petrochemical business improved significantly, with a year-on-year increase of 8.93% in H1 2024 and an overall annual increase of 3.59 percentage points [1] Regional Sales Performance - Revenue in the North China region surged by 108.06% year-on-year, while the East China region saw a decline of 26.29%, indicating the effectiveness of regional sales strategy adjustments [2] Growth Drivers - The nuclear power business is entering a strategic development phase, with nuclear engineering valve revenue reaching 839 million in 2024, a 35.50% increase, accounting for 45.50% of total revenue [3] - The company has a significant technological advantage in the nuclear valve sector, with key products meeting or exceeding import standards, leading to a steady increase in market share [3] - The approval of 11 new nuclear units in 2024 is expected to drive demand for nuclear valves, supported by a robust order backlog [3] Profit Forecast and Valuation - Due to slight capacity constraints in 2024 and a production cycle of 1-2 years for nuclear products, revenue and net profit forecasts for 2025 have been reduced by 2.9% and 12.5% to 2.05 billion and 260 million respectively [4] - The target price has been adjusted down by 9.2% to 18.7, with a projected increase of 14.8% from the current price [4]

Core Insights - The company achieved a revenue of 1,843,447,034.94 yuan in 2024, reflecting a year-on-year growth of 1.86%, indicating stable business growth [1] - The net profit attributable to shareholders was 229,331,122.93 yuan, up 3.29% year-on-year, showcasing enhanced profitability [1] - The company reported a significant increase in net cash flow from operating activities, amounting to 106,579,128.61 yuan, compared to a negative cash flow of -47,216,721.69 yuan in the previous year, marking a 325.72% increase [3] Revenue and Profitability - Revenue from nuclear engineering valve products reached 838,718,216.67 yuan, accounting for 45.50% of total revenue, with a year-on-year growth of 35.50% [1] - Revenue from oil and petrochemical products was 479,331,521.88 yuan, representing 26.00% of total revenue, with a decline of 20.62% year-on-year [1] - Basic earnings per share increased to 0.60 yuan, up 3.45% year-on-year, indicating a solid operational performance [1] Expenses and R&D - Sales expenses decreased by 27.58% to 63,795,920.44 yuan, primarily due to reductions in modern service fees and business entertainment expenses [2] - Research and development expenses fell by 9.77% to 65,592,210.14 yuan, with R&D investment as a percentage of revenue decreasing from 4.02% to 3.56% [2] - The company has a total of 120 undergraduate R&D personnel, a decrease of 3.23%, while the number of master's degree holders increased by 63.33% to 49 [2] Cash Flow and Investment - The net cash flow from investment activities was 69,029,631.75 yuan, a growth of 1.57% year-on-year, supported by dividends received from other companies [3] - The net cash flow from financing activities was -5,182,616.98 yuan, an increase of 93.54% compared to the previous year, primarily due to changes in short-term and long-term borrowings [3] Management and Strategy - The company has implemented measures to address risks, including enhancing project management for non-nuclear key projects and expanding into emerging markets [4] - Management compensation is linked to company performance, with the chairman receiving a pre-tax remuneration of 975,700 yuan, aligning incentives with company growth [5][6] - The company aims to strengthen internal management and enhance technological innovation capabilities to navigate future challenges [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 （三）募集资金专户存储情况 1、非公开发行股票募集资金存储专户 截至2024年12月31日，公司募集资金投资项目全部结项，募集资金专用账户全部注销，募集资金余额为 0元。 2、用闲置募集资金进行现金管理情况 公司于2022年1月20日召开第五届董事会第二十五次会议和第五届监事会第二十一次会议，审议通过了 《关于使用部分闲置募集资金进行现金管理的议案》，为提高闲置募集资金使用效率，合理利用暂时闲 置募集资金，在不影响募集资金投资项目建设和募集资金使用的情况下，根据《深圳证券交易所股票上 市规则》《深圳证券交易所上市公司自律监管指引第1号一一主板上市公司规范运作》《上市公司监管 指引第2号一一上市公司募集资金管理和使用的监管要求》等有关法律法规的规定，公司、全资子公司 无锡市法兰锻造有限公司拟使用不超过人民币3亿元的暂时闲置募集资金进行现金管理，用于购买不超 过12个月的保本型理财产品或结构性存款，使用期限自公司董事会审议通过之日起12个月内有效。 公司于2023年1月16日召开第六届董事会第五次会议和第六届监事会第五次会议，审议通过了《关于继 续使用部分闲置募集 ...